Hoyer will become the Cubs GM, with Padres VP Josh Byrnes being elevated to replace Hoyer as GM in San Diego, a possibility first reported by SI.com on Tuesday.
Epstein is expected to be named president once he is officially a Cub. There are hints the Red Sox and Cubs are making progress in compensation talks, but people familiar with the talks say no trade is finalized yet. CSN Chicago reported a deal would likely be consummated today with an announcement likely tomorrow. Epstein's Cubs deal is worth $18.5 million over five years.
Hoyer has always been close to Epstein, and while some may be surprised he'd move to take a lateral job, he goes to a team in a bigger market with bigger expectations. Hoyer and Epstein teamed up to win two World Series titles in Boston. Byrnes, who also had a hand in those championships, was previously GM of the Diamondbacks. He will once again be a GM for owner Jeff Moorad, only this time in San Diego.